Are ARMs Right for You?

cmgfi cmgfi | 1 year ago

Adjustable-Rate Mortgages Are on the Rise: Are They the Right Move for You? Blog posted On May 31, 2022 Rising mortgage rates are pushing more home buyers toward adjustable-rate mortgages (ARMs). By March 2022, the ARM share dollar volume for conventional single-family mortgage originations was three times higher than its level in January 2021. Typically, ARMs start at lower mortgage rates than fixed-rate mortgages. This makes them an appealing option for many home buy...

bizjournals bizjournals | 1 year ago

Adjustable-rate mortgages are more popular this summer than they've been since right before the Great Recession.

bizjournals bizjournals | 1 year ago

Adjustable-rate mortgages are more popular this summer than they've been since right before the Great Recession.

Adjustable-rate mortgages are gaining momentum

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

Adjustable-rate mortgages are gaining in popularity. Here’s how to know if one is right for you

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

Double the amount of borrowers have applied for adjustable-rate mortgages from earlier this year. Here is how they work.

Rent-To-Own Homes: Are They Right for You? - MortgageDepot

mortgagedepot mortgagedepot | 1 year ago

Have you heard of rent-to-own homes? Many people think the idea sounds attractive. If you want to start building equity early, you might be one of them. Rent-to-own homes are somewhat risky. They’re not our favorite option, but we understand that they present a path to homeownership for some. We want you to have all the necessary facts about rent-to-own homes. Listen up as we tell you what they are, why you might want one and why you wouldn’t. What Is a Rent-To-Own Home? If you select a rent...

Up in ARMs: As Home Prices Grow, Risky Adjustable-Rate Mortgages Are Making a Comeback

realtormM1hV realtormM1hV | 2 years ago

More homebuyers are applying for adjustable-rate mortgages, a key driver of the Great Recession. Is this a sign of the next housing crash? The post Up in ARMs: As Home Prices Grow, Risky Adjustable-Rate Mortgages Are Making a Comeback appeared first on Real Estate News & Insights | realtor.com®.

cmgfi cmgfi | 1 year ago

Renovation Loans Are on the Rise Blog posted On June 07, 2022 Mortgage rates have been sharply trending upward in recent months, causing many potential buyers to pick up their home hunting pace. Locking a mortgage rate now could prevent you from paying for a higher rate later, should they continue trending upward. However, home inventory is still very low – leaving buyers few options on the market. The newer, more updated homes are selling quickly, and for a steep p...

With Mortgage Rates Rising, Is an Adjustable Rate Right for You?

lightersideofrealestate lightersideofrealest... | 2 years ago

You’re probably well aware that mortgage rates are rising. At the same time, home prices don’t seem to be coming down, there’s still a ton of competition, and you’re probably no stranger to bidding wars when you make an offer on a house. So you might be searching for a way to maintain the buying […] The post With Mortgage Rates Rising, Is an Adjustable Rate Right for You? appeared first on Lighter Side of Real Estate.

Zero Down Payment Mortgages Are Back. Can They Close The Homeownership Gap?

www.realtor.com www.realtor.com | 1 year ago

One of the nation’s largest banks is seeking to help rectify decades of housing discrimination against communities of color. Bank of America announced this week that it will be offering zero down payment mortgages for first-time homebuyers in historically Black and Hispanic neighborhoods in five U.S. cities. Borrowers would be able to qualify for these loans by showing on-time rent, utility, and other payments, and wouldn’t be on the hook for closing costs. While many real estate experts lau...